U.S. Stocks Give Back Ground After Early Move To The Upside
- On Wednesday, the Dow slid 443.87 points or 0.9 percent to 50,906.05 and the S&P 500 fell 19.30 points or 0.3 percent to 7,651.54, though the benchmark index remains about 1% below its August all-time high.
- Rising oil prices up about 14% and a ten-year Treasury yield reaching 5.26% on September 29—its highest level since 2002—pressured most sectors after Fed Chair Kevin Warsh's late August Jackson Hole address prompted hawkish rate expectations.
- Morgan Stanley analysts reported that S&P 500 stocks trading above their 200-day moving average fell to 49% from roughly 75% over the summer, while nearly three-quarters of benchmark stocks declined in September as leadership concentrated.
- Gains in Apple, Nvidia, Alphabet, Microsoft and Meta Platforms masked broader weakness, with the VanEck Semiconductor ETF surging 9.41% on AI demand while Chris Toomey, Morgan Stanley managing director of private wealth management, said investors are "just being more defensive."
- Strategist Michael Wilson advised to "stick with large cap quality and add to riskier stocks in October," citing stronger earnings and lower multiples, while warning that valuation concerns persist under the 5.26% Treasury yield.
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32 Articles
Reformatorisch Dagblad
welingelichtekringen.nlTech companies were among the winners on the New York stock exchanges on Monday. The enthusiasm for tech stocks briefly pushed concerns about still-high oil prices and bond yields into the background.
Wall Street opens weak. Dow Jones loses 0.07% to 51.143.43 points, Nasdaq climbs 0.25% to 27.261.66 points while S&P 500 advances 0.20% to 7.738.25 points. (ANSA). (ANSA)
The Dow Jones and the S&P 500 closed September with losses despite a last-minute rebound, while Treasury bonds peaked at a year's maximum.
Higher yields and oil prices pressure most S&P 500 sectors
The sharp rise in oil prices is reaching far beyond the energy market. It is amplifying inflation anxiety, pushing long-term borrowing costs higher and revealing how much of this year's equity advance depends on a small group of technology-linked companies. A widely watched measure of Treasury-market volatility rose 19% over the week, its largest increase since March and the second largest since April 2025. The move came as Brent crude climbed a…
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